Five Steps for Succession Planning in the New Age of Business
1. Begin the process at least a year before you want to make the transition.
2. Recognize that a new set of skills will be a better fit for the future.
3. Locate the best talent before it becomes a necessity.
4. Clearly communicate the transition before it takes effect.
5. When you make the transition, do so graciously by stepping away to let the company transform.
Date: 05/26/2010
Categories: Succession Planning